Annual Report

14 Mar 2008 11:50

Telefonica SA14 March 2008 The headline for the Telefonica S.A. announcement released today at 11:18under RNS No 1230Q should read Annual Report. The announcement text is unchanged and is reproduced in full below. Telefonica S.A. has just published today the "ANNUAL REPORT ON CORPORATE GOVERNANCE : YEAR 2007" To view the full document, please paste the following URL into the address bar of your browser. http://www.rns-pdf.londonstockexchange.com/rns/1230q_-2008-3-14.pdf This information is provided by RNS The company news service from the London Stock Exchange